BOE's Bailey Calls for Global AI Testing Standards

Bank of England Governor Andrew Bailey urged rigorous pre- and post-release testing standards for AI models to safeguard public trust and financial infrastructure. He also warned that markets risk a correction by overestimating AI returns and pricing every player as a winner.

• Bailey calls for testing AI models before and after release
• Goal is protecting public trust and financial infrastructure
• Warned of correction risk from overestimated AI returns
• Markets wrongly treat every AI player as a winner